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Are Finance Stocks Lagging Royal Bank Of Canada (RY) This Year?
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Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Royal Bank (RY - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
Royal Bank is one of 873 individual stocks in the Finance sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Royal Bank is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for RY's full-year earnings has moved 3.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that RY has returned about 17% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 3.9% on a year-to-date basis. This means that Royal Bank is outperforming the sector as a whole this year.
One other Finance stock that has outperformed the sector so far this year is Atlantic Union (AUB - Free Report) . The stock is up 9.1% year-to-date.
The consensus estimate for Atlantic Union's current year EPS has increased 1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Royal Bank is a member of the Banks - Foreign industry, which includes 85 individual companies and currently sits at #68 in the Zacks Industry Rank. Stocks in this group have gained about 15% so far this year, so RY is performing better this group in terms of year-to-date returns.
In contrast, Atlantic Union falls under the Banks - Northeast industry. Currently, this industry has 66 stocks and is ranked #72. Since the beginning of the year, the industry has moved +16.2%.
Investors interested in the Finance sector may want to keep a close eye on Royal Bank and Atlantic Union as they attempt to continue their solid performance.
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Are Finance Stocks Lagging Royal Bank Of Canada (RY) This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Royal Bank (RY - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
Royal Bank is one of 873 individual stocks in the Finance sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Royal Bank is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for RY's full-year earnings has moved 3.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that RY has returned about 17% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 3.9% on a year-to-date basis. This means that Royal Bank is outperforming the sector as a whole this year.
One other Finance stock that has outperformed the sector so far this year is Atlantic Union (AUB - Free Report) . The stock is up 9.1% year-to-date.
The consensus estimate for Atlantic Union's current year EPS has increased 1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Royal Bank is a member of the Banks - Foreign industry, which includes 85 individual companies and currently sits at #68 in the Zacks Industry Rank. Stocks in this group have gained about 15% so far this year, so RY is performing better this group in terms of year-to-date returns.
In contrast, Atlantic Union falls under the Banks - Northeast industry. Currently, this industry has 66 stocks and is ranked #72. Since the beginning of the year, the industry has moved +16.2%.
Investors interested in the Finance sector may want to keep a close eye on Royal Bank and Atlantic Union as they attempt to continue their solid performance.